The UK economy will grow more slowly than any other advanced economy next year, the OECD has warned in a downbeat assessment of the nation’s prospects.
Inflation has continued to fall according to the latest Office for National Statistics data, adding to the pressure on the Bank of England to cut rates at its next meeting.
Projects paid for through levelling up funding pots have faced huge delays and the government does not plan to evaluate their long-term success, despite the fact it was supposed to be a flagship...
Disappointing and divisive. That seems to be the mood around the Chancellor’s budget, which in reality brought little cheer for the general public or those working in local government, writes Nigel...
National GDP grew by 0.2% in January, signalling that the UK economy is out of its technical recession – but the country remains in a period of prolonged stagnation.
Lower-than-expected output at the end of 2023 meant the UK economy experienced a technical recession in the second half of last year, the Office for National Statistics has said.
Depressed investment and slower economic growth caused by Brexit have wiped £140bn off the UK economy compared with if the country stayed in the European Union, researchers have claimed.
Could ideas from Victorian times help solve pressing problems like climate change or factory sweatshops? We’ve found the early adopters who think they can.
The Conservative Party “will always protect public services”, the chancellor insisted as he announced his ambition to cut civil service numbers back to their pre-pandemic level.
Liz Truss has criticised the role of institutions and blamed the “anti-growth coalition” for failing to implement her tax-cutting agenda during her short stint as prime minister last year.
A growing share of income coming from wealth and property is set to widen inequality between households and hurt social mobility, the Institute for Fiscal Studies has warned.
Interest rates are set to stay higher for longer, the Bank of England has said as it announced another hike in its base rate – this time from 5% to 5.25%.